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After receiving US$3.5M, Paytech Noh launches the first shared card in the market

May 27, 2022
Por
Startupi
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Startupi nasceu em 2008 para construir a comunidade brasileira de startups com informação.
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Noh, a shared digital wallet fintech that automates the division of expenses and fixed costs, will launch in June, Brazil's first shared card in a partnership with Visa - an American financial services company -, aiming to complement its digital services.
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Each person will have his or her own card and password. When making a payment, the value will be debited from both accounts, in the proportion chosen and communicated on the platform. With each transaction, users are already debited proportionally. It is possible to adjust the percentage at any time.

"We are supporting Noh with an agile and complete issuing process so they can offer their clients security, special Visa benefits and innovations such as proximity payment," says Eduardo Abreu, vice president of New Businesses at Visa Brazil.

The startup, which has already raised R$17 million in a seed round to inaugurate the collective finance market, wants to expand its services offered.

"We want to break new ground in a market still unexplored by Brazilian fintechs that offer products with individual customers in mind. We believe that the era of shared finance has arrived and reflects a consumption behavior that has long been collective in the lives of Brazilians," explains Ana Zucato, CEO and founding partner of Noh.

The company, which already allows to automatically split bills and expenses in payments through boletos and Pix, will make available first the virtual card and later the physical one, and both will be Visa, free and will work as a pre-paid credit card (to make the payments, it is necessary to have a balance in the fintech account). Soon, it will also be possible to create groups with as many people as the user wants to share expenses.

Las opiniones compartidas y expresadas por los analistas son libres e independientes, y de ellas son responsables sus autores. No reflejan ni comprometen el pensamiento u opinión de Latam Fintech Hub, por lo cual no pueden ser interpretadas como recomendaciones emitidas por la platafomra. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista sobre el ecosistema Fintech.

Each person will have his or her own card and password. When making a payment, the value will be debited from both accounts, in the proportion chosen and communicated on the platform. With each transaction, users are already debited proportionally. It is possible to adjust the percentage at any time.

"We are supporting Noh with an agile and complete issuing process so they can offer their clients security, special Visa benefits and innovations such as proximity payment," says Eduardo Abreu, vice president of New Businesses at Visa Brazil.

The startup, which has already raised R$17 million in a seed round to inaugurate the collective finance market, wants to expand its services offered.

"We want to break new ground in a market still unexplored by Brazilian fintechs that offer products with individual customers in mind. We believe that the era of shared finance has arrived and reflects a consumption behavior that has long been collective in the lives of Brazilians," explains Ana Zucato, CEO and founding partner of Noh.

The company, which already allows to automatically split bills and expenses in payments through boletos and Pix, will make available first the virtual card and later the physical one, and both will be Visa, free and will work as a pre-paid credit card (to make the payments, it is necessary to have a balance in the fintech account). Soon, it will also be possible to create groups with as many people as the user wants to share expenses.

Las opiniones compartidas y expresadas por los analistas son libres e independientes, y solamente sus autores son responsables de ellas. No reflejan ni comprometen el pensamiento o la opinión del equipo de Latam Fintech Hub y, por lo tanto, no pueden interpretarse como recomendaciones emitidas por la plataforma. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista en el ecosistema Fintech.

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Segmento:
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País de origen:
Headquarters:
São Paulo
Monto inversión:
3.5
M
Ronda financiación:
Seed
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